Smith & Nephew Balance Sheet Health
Financial Health criteria checks 4/6
Smith & Nephew has a total shareholder equity of $5.2B and total debt of $3.5B, which brings its debt-to-equity ratio to 66.7%. Its total assets and total liabilities are $10.5B and $5.3B respectively. Smith & Nephew's EBIT is $735.0M making its interest coverage ratio 6.4. It has cash and short-term investments of $568.0M.
Key information
66.7%
Debt to equity ratio
US$3.47b
Debt
| Interest coverage ratio | 6.4x |
| Cash | US$568.00m |
| Equity | US$5.21b |
| Total liabilities | US$5.34b |
| Total assets | US$10.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NPW1's short term assets ($4.5B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: NPW1's short term assets ($4.5B) exceed its long term liabilities ($3.6B).
Debt to Equity History and Analysis
Debt Level: NPW1's net debt to equity ratio (55.8%) is considered high.
Reducing Debt: NPW1's debt to equity ratio has increased from 40.7% to 66.7% over the past 5 years.
Debt Coverage: NPW1's debt is well covered by operating cash flow (21.1%).
Interest Coverage: NPW1's interest payments on its debt are well covered by EBIT (6.4x coverage).